Content from Andrew Simpson
Openly, a Home Insurance InsurTech, Launches in Two States, Raises $7.65M
The tech-enabled high-end home insurance provider Openly announced it has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, ...
Confessions of a Diehard Data Fan: ACORD CEO Pieroni (Part 2)
After Bill Pieroni, the CEO of ACORD, delivered a presentation about ACORD's latest study, "Intelligent Growth: Intent, Decisions, Outcomes," he sat down with Wells Media's Andrew Simpson to talk ...
ACORD Study Results: Loser Lessons
As for the waning carriers, why did they wane? Why didn't they grow and why did they achieve inferior economics? Pieroni said there are a number of reasons but the top ones include inability to ...
How ‘Intelligent’ Insurers Grow and Create Value: ACORD Study
Some insurance carriers grow but do not create value. Others shrink but still create value. Some fail at both. Then there are the "intelligent growers"—those that succeed at both, not only growing ...
Why E&S Carriers Aren’t Winners Over the Long Term
ACORD's recent study, "Intelligent Growth: Intent, Decisions, Outcomes," reveals that E&S/specialty companies don't fare well over the long term. Here, CEO Bill Pieroni suggests possible reasons ...
Confessions of a Diehard Fan of Data: An Interview With ACORD CEO Pieroni (Part 1)
If Bill Pieroni were a Major League Baseball executive, he would be one of those sabermetric types like Oakland's Billy Beane, heralded by the book "Moneyball." His team's manager would have ...
James River Insurance Retains Rating After Dropping Its Largest Customer, Uber
Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be cancelling its business with ride-hailing giant Uber affiliate, Rasier, its ...
Verisk Must Pay $125M to EagleView in Patent Infringement Verdict
A New Jersey recently ordered insurance data services firm Verisk to pay $125 million to aerial imaging firm EagleView for lost profits linked to Verisk infringing on various EagleView patents. The ...